Question: Problem 8-9 Valuing Bonds Union Local School District has bonds outstanding with a coupon rate of 4.9 percent paid semiannually and 20 years to maturity.

Problem 8-9 Valuing Bonds Union Local School District has bonds outstanding

Problem 8-9 Valuing Bonds Union Local School District has bonds outstanding with a coupon rate of 4.9 percent paid semiannually and 20 years to maturity. The yield to maturity on these bonds is 5.6 percent and the bonds have a par value of $10,000 What is the dollar price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Bond price References eBook & Resources Worksheet Difficulty: 1 Basic Problem 8-9 Valuing Bonds Section: 8.1 Bonds and Bond Valuation

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